Online Retirement (Non Union) SS Earnings Statement

[UnionStrong]

Maybe they want to see if he's working

There may be a limit on how much you can make on top of his pension

Wrong

 

[Brownwifey]

Maybe they want to see if he's working

There may be a limit on how much you can make on top of his pension

Good point. But there's no restriction on earned income. Thanks for the help.

 

[IVE GOTTA PACKAGE 4U]

Wrong

I honestly do not know how managements retirement works.

I know if I choose to work during retirement is 100 hour per month rule

 

[oldngray]

I honestly do not know how managements retirement works.

I know if I choose to work during retirement is 100 hour per month rule

I thought most management pensions were phased out about 10 years ago.

 

[UnionStrong]

I honestly do not know how managements retirement works.

I know if I choose to work during retirement is 100 hour per month rule

True, but SS isn’t any of their business since he paid into it. They can’t penalize you for that no matter how much you collect.

 

[IVE GOTTA PACKAGE 4U]

I thought most management pensions were phased out about 10 years ago.

The ones that were in it are still getting pension contributions until April of next year , then it's frozen

 

[NAHimGOOD]

I honestly do not know how ANYTHING works.

fixed it for you

 

[IVE GOTTA PACKAGE 4U]

True, but SS isn’t any of their business since he paid into it. They can’t penalize you for that no matter how much you collect.

What I was trying to say is

Social security statement would show if you was working after you retired

 

[UnionStrong]

What I was trying to say is

Social security statement would show if you was working after you retired

But he’s not retired yet. He’s just starting the process. And SS doesn’t send info about earnings to 3rd parties

 

[Brownwifey]

The ones that were in it are still getting pension contributions until April of next year , then it's frozen

Accrual ends 12/31/22. Transitions to "enhanced" 401k match. Anyone with 5-10 years to go got screwed royally.

 

[NAHimGOOD]

Accrual ends 12/31/22. Transitions to "enhanced" 401k match. Anyone with 5-10 years to go got screwed royally.

Too bad he was a union brother...

Perhaps

 

[UnionStrong]

Too bad he was a union brother...

Perhaps

She sounds tougher than you.

 

[DELACROIX]

I'm looking for recent management retirees for some info. Some coworkers indicated UPS Pension folks asked for their social security earnings statement as part of the retirement/management pension process.

I just filled out the online retirement request and printed the documents which have to be signed. Nowhere does it ask for SS earnings statement. I'm wondering if I missed something? Don't trust HR to tell me, hey, you skipped something.

Did anyone who recently filled out the retirement/mgmt pension forms and have to provide ss lifetime earnings statement? If so, where in the process did it ask for this?

Any help is appreciated. My husband has had a LONG career and is ready for the next chapter. I want to make it as smooth as possible.

I believe that management’s Pension benefits were offset by their individual Social Security earnings before 1992.

 

[UnionStrong]

Accrual ends 12/31/22. Transitions to "enhanced" 401k match. Anyone with 5-10 years to go got screwed royally.

You’re lucky

 

[UnionStrong]

I believe that management’s Pension benefits were offset by their individual Social Security earnings before 1992.

That sounds like a scam

 

[Brownwifey]

I believe that management’s Pension benefits were offset by their individual Social Security earnings before 1992.

Dang. Then I guess I will try and speak to a human about it. This is the first thing that might make sense. Thanks for the help!

 

[IVE GOTTA PACKAGE 4U]

Accrual ends 12/31/22. Transitions to "enhanced" 401k match. Anyone with 5-10 years to go got screwed royally.

It's very unfortunate.
It'll be hard to retaining good employees when you keep taking things off them.

 

[DELACROIX]

Dang. Then I guess I will try and speak to a human about it. This is the first thing that might make sense. Thanks for the help!

Your welcome...

 

[DELACROIX]

It's very unfortunate.
It'll be hard to retaining good employees when you keep taking things off them.

We all have to remember that certain management employees are now considered “a human resource”.. you are no longer considered a real “partner” anymore. That is only reserved for the selected few in the corporate offices who already are set for life.

Big eating little ’s


The management plans were formulated at 1/2 your annual salary over the best 5 years over a 10 year span.

So if your salary is roughly 300,000 a year your final pension benefits would equal 150,000.

Most of our old managers who had the service time of 30 years retired at age 55, that plan only had a 3 % penalty applied for every year prior to age 65. The Union’s plans have always been subject to a 6 % penalty.

I heard that the old school management that retired at age 55 never touched their pension benefits till age 65 or beyond because they could comfortably live of their stock sell backs with free Healthcare for them and their spouse.

 

[DELACROIX]

That sounds like a scam

You don’t want to know half the story!